Contrasts for the (still) booming Chinese economy

Contrasts for the (still) booming Chinese economy

Recent data regarding economic growth points towards weakness and for the world’s second largest economy… but also opportunity in other areas.

China’s economic growth slowed down to a 28-year low, according to data from the National Bureau of Statistics of China, but the country’s gross domestic product (GDP) grew by 6.6% in 2018, which was great news for U.S. and European perspectives, but represented a very low for the standards for the previously booming Chinese economy, where 6.6% represents the lowest growth rate since 1990.

According to Statista, lackluster domestic demand paired with the cooling effects of the trade war with the U.S. on exports contributed to the slowdown, continuing a downward trend that has been going on for several years now (with 2017 being a surprise exception).